Korean Free Trade Agreement Renegotiation: California Agriculture Has Much to Lose

Hyunok Lee, William A. Matthews, and Daniel A. Sumner

from ARE Update Vol. 21, No. 2, Nov/Dec, 2017

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Abstract

South Korea is a major export destination for U.S. and California agriculture. Key California farm exports to Korea include: oranges and related citrus, almonds, rice, walnuts, beef products and cattle hides, dairy products, and hay. The Korea-U.S. Free-Trade Agreement has been in force for five years and allowed California farm exports to Korea to compete on an even footing with the other major agricultural exporters with which Korea also has FTAs. Current renegotiations, while focused on industrial products, could place California agricultural exports at risk.

Keywords

KORUS free trade agreement, renegotiation, California agriculture, agricultural trade

Citation

Hyunok Lee, William A. Matthews, and Daniel A. Sumner. "Korean Free Trade Agreement Renegotiation: California Agriculture Has Much to Lose." ARE Update 21(2)(2017):1-4. University of California Giannini Foundation of Agricultural Economics.
https://giannini.ucop.edu/publications/are-update/issues/2017/21/2/korean-free-trade-agreement-renegotiation-californ/